Canadian businesses with a penchant for innovation will be keeping a close eye on how the federal government's 2012 budget for changes to R&D grants and tax credits. The question is: How favourable to their interests will those changes be?

Taxpayers embroiled in tax disputes with the Canada Revenue Agency often hope the Tax Court will throw in a dollop of “equity” and “fairness” in their judgments. The case Lowry v. The Queen shows this isn't necessarily so.

The proposed 2011 federal budget included both good and bad news for entrepreneurs and their businesses, even though the opposition has voted down the government and triggered an election before it could be passed into law